Market means swings

Now we may see EURO gaining most of today's losses while GBP making nominal gains.USD/YEN and USD/CHF are making downward swings and stop hunts to really testing the patience of the traders interested in them and their crosses.This is the way players make swings in the market when traders think that pull back may not be possible in EURO,further drop may not be possible in denominator currencies,even though the dip in them are just 30-60 pips.Hence I request small traders to trade only in EURO and GBP as they are bound to make either way swings because of better volume.

After US trade deficit release ( 12:30 GMT) there might be a quick drop in EURO and GBP to recover again during US session ahead of FOMC minutes.

Always keep in mind market means swings- the players cannot make drop unlimited as they have the daily and weekly limitations.